AF Gruppen ASA
AF Gruppen ASA, a contracting and industrial company, provides civil engineering, construction, energy and environment, and property and offshore services in Norway and Sweden. It offers civil engineering services, including construction of various projects, such as roads, railways, bridges, port facilities, airports, tunnels, foundation work, renovation and construction of concrete structures, p… Read more
AF Gruppen ASA (AGRUF) - Net Assets
Latest net assets as of March 2025: $3.63 Billion USD
Based on the latest financial reports, AF Gruppen ASA (AGRUF) has net assets worth $3.63 Billion USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($15.01 Billion) and total liabilities ($11.37 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.63 Billion |
| % of Total Assets | 24.2% |
| Annual Growth Rate | 9.13% |
| 5-Year Change | -0.14% |
| 10-Year Change | 91.7% |
| Growth Volatility | 12.7 |
AF Gruppen ASA - Net Assets Trend (2013–2024)
This chart illustrates how AF Gruppen ASA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for AF Gruppen ASA (2013–2024)
The table below shows the annual net assets of AF Gruppen ASA from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $3.49 Billion | +8.93% |
| 2023-12-31 | $3.20 Billion | -8.30% |
| 2022-12-31 | $3.49 Billion | -2.21% |
| 2021-12-31 | $3.57 Billion | +2.23% |
| 2020-12-31 | $3.49 Billion | +16.54% |
| 2019-12-31 | $3.00 Billion | +41.15% |
| 2018-12-31 | $2.12 Billion | +2.26% |
| 2017-12-31 | $2.08 Billion | +6.51% |
| 2016-12-31 | $1.95 Billion | +7.14% |
| 2015-12-31 | $1.82 Billion | +21.41% |
| 2014-12-31 | $1.50 Billion | +12.28% |
| 2013-12-31 | $1.33 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to AF Gruppen ASA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 72.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.67 Billion | 63.87% |
| Other Components | $942.00 Million | 36.13% |
| Total Equity | $2.61 Billion | 100.00% |
AF Gruppen ASA Competitors by Market Cap
The table below lists competitors of AF Gruppen ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dogan Sirketler Grubu Holding AS
IS:DOHOL
|
$547.17 Million |
|
Chengdu Zhimingda Electronics Co. Ltd. A
SHG:688636
|
$547.23 Million |
|
MIPS AB
ST:MIPS
|
$547.26 Million |
|
Wilh. Wilhelmsen
PINK:WLHSF
|
$547.34 Million |
|
Ziraat Gayrimenkul Yatirim Ortakligi AS
IS:ZRGYO
|
$547.02 Million |
|
Pan-International Industrial Corp
TW:2328
|
$547.00 Million |
|
Argan S.A.
LSE:0GN6
|
$546.98 Million |
|
Datatec Limited
PINK:DTTLY
|
$546.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AF Gruppen ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,323,000,000 to 2,607,000,000, a change of 284,000,000 (12.2%).
- Net income of 708,000,000 contributed positively to equity growth.
- Dividend payments of 380,000,000 reduced retained earnings.
- Share repurchases of 8,000,000 reduced equity.
- New share issuances of 72,000,000 increased equity.
- Other factors decreased equity by 108,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $708.00 Million | +27.16% |
| Dividends Paid | $380.00 Million | -14.58% |
| Share Repurchases | $8.00 Million | -0.31% |
| Share Issuances | $72.00 Million | +2.76% |
| Other Changes | $-108.00 Million | -4.14% |
| Total Change | $- | 12.23% |
Book Value vs Market Value Analysis
This analysis compares AF Gruppen ASA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.60x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $0.00 | $14.30 | x |
| 2016-12-31 | $0.00 | $14.30 | x |
| 2017-12-31 | $17.31 | $14.30 | x |
| 2018-12-31 | $17.67 | $14.30 | x |
| 2019-12-31 | $21.24 | $14.30 | x |
| 2020-12-31 | $24.49 | $14.30 | x |
| 2021-12-31 | $24.85 | $14.30 | x |
| 2022-12-31 | $23.91 | $14.30 | x |
| 2023-12-31 | $21.40 | $14.30 | x |
| 2024-12-31 | $23.85 | $14.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AF Gruppen ASA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 27.16%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.34%
- • Asset Turnover: 2.01x
- • Equity Multiplier: 5.76x
- Recent ROE (27.16%) is below the historical average (35.88%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 34.91% | 4.25% | 1.93x | 4.26x | $306.10 Million |
| 2014 | 32.45% | 4.46% | 1.83x | 3.99x | $305.80 Million |
| 2015 | 44.65% | 5.63% | 1.98x | 4.00x | $540.90 Million |
| 2016 | 41.13% | 5.85% | 1.80x | 3.90x | $523.00 Million |
| 2017 | 36.68% | 4.54% | 1.77x | 4.56x | $451.70 Million |
| 2018 | 44.22% | 4.12% | 2.21x | 4.86x | $597.40 Million |
| 2019 | 39.01% | 3.78% | 1.76x | 5.87x | $635.10 Million |
| 2020 | 37.45% | 3.60% | 2.09x | 4.96x | $711.70 Million |
| 2021 | 38.39% | 3.67% | 2.12x | 4.94x | $753.60 Million |
| 2022 | 37.20% | 3.09% | 2.14x | 5.61x | $700.50 Million |
| 2023 | 17.31% | 1.33% | 2.06x | 6.31x | $169.70 Million |
| 2024 | 27.16% | 2.34% | 2.01x | 5.76x | $447.30 Million |
Industry Comparison
This section compares AF Gruppen ASA's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $1,612,826,444
- Average return on equity (ROE) among peers: 14.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AF Gruppen ASA (AGRUF) | $3.63 Billion | 34.91% | 3.13x | $547.02 Million |
| Arcosa Inc (ACA) | $2.43 Billion | 3.86% | 1.02x | $5.06 Billion |
| Aecom Technology Corporation (ACM) | $-181.00 Million | 0.00% | 0.00x | $11.42 Billion |
| ACS Actividades de Construcción y Servicios S.A (ACSAF) | $4.44 Billion | 29.55% | 6.70x | $8.35 Billion |
| Acciona S.A (ACXIF) | $6.30 Billion | 7.00% | 2.58x | $3.04 Billion |
| Aecon Group Inc (AEGXF) | $153.60 Million | 7.49% | 3.66x | $737.44 Million |
| ÅF Pöyry AB (publ) (AFXXF) | $551.78 Million | 41.72% | 1.52x | $1.66 Billion |
| Abengoa S.A (AGOAF) | $797.49 Million | 15.10% | 9.17x | $1.82 Million |
| Argan Inc (AGX) | $3.70 Million | 24.32% | 1.27x | $6.30 Billion |
| Amelco Corporation (AMLC) | $15.28 Million | 4.60% | 1.62x | $2.84 |